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It's Tuesday morning. I hope she comes back to tell us what the bank said.
I was hoping the same thing.
I was thinking about this. When I opened my first checking account at age 16 I don't think that my parents were "co-signers" or whatever. And, I know for a fact that when my children opened up their own checking accounts at age 18 I certainly was not a co-signer nor had anything to do with their accounts.
BTW, some of my friends had joint checking or joint savings accounts with their college age children to make it easier to deposit money in the accounts for their children to withdraw. Frankly, I wanted to make it as hard as possible for me to deposit money so that they would plan ahead and only ask if it was an emergency. That worked out well because their college town accounts were in totally different banks than my bank and they did only ask when it was absolutely necessary.
He wasn't sure because he just isn't vested in being a fully functioning independent adult, to be honest, God love him. Our parents have just worn him down over the years with their strict parenting(no friends unless they approve, no dating girls unless they approve, no travel unless they approve, be in the house by 10 p.m. regardless of your age.) He's soooooo compliant he just doesn't do anything.
I think what is being overlooked is in the first sentence. It indicates the young man has some mental deficiency problems.
If that is true, then how able is he to handle his own finances, etc. It is very possible the young man needs parental influence as he does not handle things very well on his own. We don't know his capability. The young man may be 26 years old, but with the mental ability of a 10 year old for example.
His sister has said he is not vested in being a fully functioning adult, and possibly his desires are to be like other young people of his physical age, but does not have he mental capability to handle it.
I'm needing some advice on a family situation. My brother is 26 and, against my advice, let his mom be a joint person on his bank account a few years ago. He came to me a few days ago and told me mom wouldn't allow him access to his last paycheck from his retail job. His last paycheck was around 500. The reason for my mom restricting his access was because she didn't want him to use the money to buy whatever he wanted. (My brother isn't a druggie, or alcoholic, or anything like that.) He's a good person. He attends school for his bachelors degree, is pretty much a homebody, doesn't party, doesn't date. This isn't the first time our mother has done something of this nature. Or our dad. His car recently died, the battery died and needed a jumpstart. But My parents refused to jumpstart the car. Their reason? We just moved to New England and they don't want my brother driving in the snow. (Mind you: the roads are very maintained here, the snow plows do an excellent job, and my brother has never once been in an accident or gotten tickets.)
That's all background info! The question is: how can my brother get access to his funds? The bank said he either has to give them a utility bill or a bill with his name on it or come into the branch and get the money(which is in Memphis, TN and we live in New England now). Aside from flying down there to get the money in person, what other options does my brother have?
Thanks in advance!
If there were ever a sign that your brother needs to cut the apron strings, he just got it. Jeez.
Hmmm, today the back should be open,and bigmover hasn't chimed in to say what they found out.
SOunds like momma made it a custodial account instead of a joint account and has probably absconded with his money.
It sounds to me like the PARENTS {momma} NEEDS the psychological help! SHE is codependent on HIM, not the other way around.
BIGMOVER: HE has to open a new account in HIS NAME ONLY. CAN YOU HELP? give him $50 or $100 to open one in HIS NAME ONLY, and maybe in time he can pay you back. YOU HELP HIM.
It IS agreed, that if he doesn't know which end is up, perhaps he shouldn't have one, but only by using one will he learn! HELP him learn!
HE NEEDS To move out, and be on his own. MOMMA is suffocating him.
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